Value Your Trade

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Are Kelley Blue Book® Estimated Values Accurate?

The question “What’s the Blue Book Value?” has been part of buying and selling a car for over 90 years. And simply put, no one has more experience with vehicle values and pricing than Kelley Blue Book. We’ve been the go-to source for both consumers and the automotive industry since 1926. We leverage massive amounts of data, including actual transactions – then adjust for local market conditions and seasonal trends. Our values reflect both wholesale and retail transactions to provide a 360-degree view of the market. We update our pricing at least weekly to reflect the market and give dealers and consumers the most up-to-date pricing.

Do I need to have my vehicle inspected?

Yes. The Kelley Blue Book Estimated Values are designed to be a rough guide only. In order to receive an actual cash value appraisal on your vehicle your vehicle must be inspected by a trained member of the Bob Smith BMW MINI team. The actual cash value appraisal may be different from the Kelley Blue Book Estimated Value found online for several reasons including, but not limited to, Accident or Minor Damage reported to CarFax or Autocheck vehicle history reporting tools, current, missed, or overdue OEM or Dealer recommended vehicle services needed, any cosmetic reconditioning needed, tires need to be OEM approved brand tires and in like new condition. Any modifications from the OEM specification on the original Monroney sticker may impact the value of the vehicle. The odometer must be accurate and checked against the vehicle’s internal computer system. The vehicle must have current California DMV Registration and plates. The vehicle must not have any modifications that would prevent the vehicle from completing a California SMOG and Safety inspection.

My car is Leased. Can I still trade in my Leased car?

Depends on the bank. Many banks have restricted third-party payoff and purchase of the leased vehicle. The list of banks that allow us to pay off the lease versus the list of banks that do not allow us to pay off the lease changes monthly. If your vehicle is currently being leased it is best to contact your bank directly and ask for a “Third Party Pay off.” It is important to ask for that specific “Third Party Pay Off.” This is because by asking for a lease payoff without specifying “Third-party” the bank may likely give you something called the “Balance to Maturity.” Typically the “Balance to Maturity” is only the number of payments remaining on your current lease lumped together into a single value. The “Balance to maturity” excludes the lease residual value, and some taxes owed. It is also important to note both the “Third-Party Pay Off” and the “Balance to Maturity” often omit the lease-end disposition fee. Please check with your bank on how much your lease-end disposition fee is as this will likely be billed to you 4-6 weeks after the lease-end is paid off and completed.

The material that appears on this website is for general informational purposes only. While we aim to provide a site that is useful, be mindful that the site may, from time to time, contain errors. Our site includes materials and information collected from and provided by third parties that we may not have evaluated or reviewed. We make no guarantees regarding the accuracy, completeness, timeliness, or reliability of any of the materials or information on this website, and you should not rely on it without independent verification.

We invite you to bring to our attention any materials or information on our website that you believe to be inaccurate. Please forward a copy of the materials or information to our Customer Service department.

Bob Smith BMW

c/o Customer Service Dept

24500 Calabasas Rd.

Calabasas, CA, 91302 


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